UltraTech Cement rises on commissioning two new greenfield capacities
Ultratech Cement is currently trading at Rs. 10207.00, up by 167.10 points or 1.66% from its previous closing of Rs. 10039.90 on the BSE.
The scrip opened at Rs. 10214.60 and has touched a high and low of Rs. 10272.95 and Rs. 10116.95 respectively. So far 7844 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 10522.65 on 29-Dec-2023 and a 52 week low of Rs. 7308.40 on 24-Apr-2023.
Last one week high and low of the scrip stood at Rs. 10272.95 and Rs. 9625.75 respectively. The current market cap of the company is Rs. 293661.84 crore.
The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 31.93% and 7.60% respectively.
UltraTech Cement has commissioned two greenfield capacities totaling 5.4 mtpa in Chhattisgarh and Tamil Nadu. The company opened a 2.70 mtpa cement grinding unit at Karur in Tamil Nadu and a 2.70 mtpa integrated cement plant at Kukurdih in Chhattisgarh. This forms part of the 22.6 mtpa capacity expansion announced in June, 2022.
The Company’s total domestic grey cement manufacturing capacity now stands augmented to 146.2 mtpa. Along with its existing capacity of 5.4 mtpa in the UAE, the company now has a total of 151.6 mtpa.
UltraTech Cement is the largest manufacturer of grey cement, Ready Mix Concrete (RMC) and white cement in India.
